US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cap-gemini-sa" target="_blank" data-smartkarma-citation="entities:21411:1" rel="noopener">Cap Gemini SA (CAP FP)</a> is estimated to be excluded from the selection list in the long-run due to being pushed way above 60% coverage in the Technology sector.</li>
<li>
<a href="https://www.smartkarma.com/entities/merck-kgaa" target="_blank" data-smartkarma-citation="entities:21676:1" rel="noopener">Merck KGaA (MRK GR)</a> switches between in and out of the selection list because it fluctuates close to the 60% coverage of the Health Care sector.</li>
<li>
<a href="https://www.smartkarma.com/entities/nokia-oyj" target="_blank" data-smartkarma-citation="entities:21754:1" rel="noopener">Nokia OYJ (NOKIA FH)</a> has a higher probability of deletion from SX5E if <a href="https://www.smartkarma.com/entities/merck-kgaa" target="_blank" data-smartkarma-citation="entities:21676:1" rel="noopener">Merck KGaA (MRK GR)</a>  qualifies to the selection list. Forecasted passive fund supply is  ~15 ADV.   </li>
</ul>



Cap Gemini SA (CAP FP) is estimated to be excluded from the selection list in the long-run due to being pushed way above 60% coverage in the Technology sector.

Merck KGaA (MRK GR) switches between in and out of the selection list because it fluctuates close to the 60% coverage of the Health Care sector.

Nokia OYJ (NOKIA FH) has a higher probability of deletion from SX5E if Merck KGaA (MRK GR)  qualifies to the selection list. Forecasted passive fund supply is  ~15 ADV.   


Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

<ul>
<li>Low volatility investing has taken the mantle from Dividend yield as the top strategy during July</li>
<li><a href="https://www.smartkarma.com/entities/byd-electronic-international-co-ltd" target="_blank" data-smartkarma-citation="entities:1927:1" rel="noopener">BYD Electronics (285 HK)</a> and <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group Holding (9988 HK)</a> are rated BUYs as their businesses show improvement.  </li>
<li>
<a href="https://www.smartkarma.com/entities/kingdee-international-sftwr" target="_blank" data-smartkarma-citation="entities:37:1" rel="noopener">Kingdee International Software (268 HK)</a> is seeing a softening in its SME business, however there is  potential to gain market share from foreign ERP companies given the pledged government's policies.
</li>
</ul>


Low volatility investing has taken the mantle from Dividend yield as the top strategy during July
BYD Electronics (285 HK) and Alibaba Group Holding (9988 HK) are rated BUYs as their businesses show improvement.  

Kingdee International Software (268 HK) is seeing a softening in its SME business, however there is  potential to gain market share from foreign ERP companies given the pledged government's policies.



BUY/SELL/HOLD: Hong Kong Stock Updates (July 29)

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>SAP SE's Q2 2024 results show continued growth momentum despite the volatility in the software industry.</li><li>More customers are moving to the cloud, and the company's portfolio is becoming increasingly attractive, owing to its Business AI capabilities.</li><li>Their Q2 performance was marked by substantial increases in profitability and the diligent execution of their transformation program.</li></ul>

SAP SE's Q2 2024 results show continued growth momentum despite the volatility in the software industry.More customers are moving to the cloud, and the company's portfolio is becoming increasingly attractive, owing to its Business AI capabilities.Their Q2 performance was marked by substantial increases in profitability and the diligent execution of their transformation program.

SAP SE: Strengthening Partnership with IBM for Generative AI and Cloud Solutions & Other Major Drivers

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,292/1,286 points and the resistance at 1,309/1,317 points.</li><li>In the short term, the index has shown a downtrend signal after it fell below the key support of 1,317 points yesterday for the first time in nine trading days.</li><li>We maintain our Buy recommendation; investors are suggested to speculate when a new buying signal occurs.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,292/1,286 points and the resistance at 1,309/1,317 points.In the short term, the index has shown a downtrend signal after it fell below the key support of 1,317 points yesterday for the first time in nine trading days.We maintain our Buy recommendation; investors are suggested to speculate when a new buying signal occurs.

Keep a Close Watch on Flash Manufacturing and Services PMIs in July for the US and EU

<ul><li>SAP's Q1 2024 showcased a solid beginning towards their longer-term growth goals.</li><li>The company realized its targets of scaling up revenue and profitability for this period.</li><li>Key metrics for Q1, such as the current cloud backlog grew by 28% to €14.2 billion, and cloud revenue increased by 25%, reaching €3.9 billion.</li></ul>

SAP's Q1 2024 showcased a solid beginning towards their longer-term growth goals.The company realized its targets of scaling up revenue and profitability for this period.Key metrics for Q1, such as the current cloud backlog grew by 28% to €14.2 billion, and cloud revenue increased by 25%, reaching €3.9 billion.

SAP SP: Driving Cloud ERP Suite Growth with AI & Data Capabilities! - Major Drivers

United States

SAP SE is a multinational software company.  The Company develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services.  SAP markets its products and services worldwide.

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Sap Se Sponsored Adr (SAP US)

EURO STOXX 50: Exclusion by Sector

Merck KGaA's fluctuating ranking in the Health Care sector impacts the probability of Nokia's deletion from EURO STOXX 50 which can cause a passive...

Dimitris Ioannidis

BUY/SELL/HOLD: Hong Kong Stock Updates (July 29)

Low volatility investing is performing well in July. BYD Electronics has seen better Apple related and NEV sales and Alibaba is increasing some...

David Mudd

SAP SE: Strengthening Partnership with IBM for Generative AI and Cloud Solutions & Other Major Drivers

SAP SE's Q2 2024 results show continued growth momentum despite the volatility in the software industry. More customers are moving to the cloud,...

Baptista Research

Keep a Close Watch on Flash Manufacturing and Services PMIs in July for the US and EU

Technically, the SET Index is expected to weaken, with the support at 1,292/1,286 points and the resistance at 1,309/1,317 points. In the short...

Krungthai XSpring

SAP SP: Driving Cloud ERP Suite Growth with AI & Data Capabilities! - Major Drivers

SAP's Q1 2024 showcased a solid beginning towards their longer-term growth goals. The company realized its targets of scaling up revenue and...

Baptista Research

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